Originally posted by Blade2008
I work in Insolcency - this whole thread is retarded.
A company is considered insolvent when it cannot pay its debts as and when they fall due.
If directors take on debt after this point they are liable for insolvent trading.
I am willing to throw a lot more $$$ at TMT and I assume most on this forum are.
This whole thread should be deleted as it is a joke
Cool, one shareholder prepared to put more dollars in, I'm sure there are plenty more. As someone who works in insolvency, how many runway days should a company have with regard to cash on hand and keeping the lights on and informing the market said capability? For TMT, does it come down to the 30th of March and $30k in the bank before the company announces how they will fund anything going forward, I just think its cutting things a little fine. Would you you expect TMT to be able to ensure it is in a position to fund its commitments for days, weeks or months, e.g. staff and fixed costs etc. Just wondering why (based on the companies reports) there is little left in 7 weeks and no one cares and no information?
Yes, granrted there is obviously a strong shareholder base, yet no CR announced or plans to fund past March, that certainly is a bit of a joke if not retarded. M